International Assets Investment Management LLC Raises Stock Holdings in National Presto Industries, Inc. (NYSE:NPK)

International Assets Investment Management LLC raised its position in National Presto Industries, Inc. (NYSE:NPK - Free Report) by 7,928.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,084 shares of the conglomerate's stock after buying an additional 23,784 shares during the quarter. International Assets Investment Management LLC owned about 0.34% of National Presto Industries worth $1,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of National Presto Industries by 3.0% during the 3rd quarter. Royal Bank of Canada now owns 5,167 shares of the conglomerate's stock valued at $375,000 after purchasing an additional 149 shares during the last quarter. Stifel Financial Corp lifted its position in shares of National Presto Industries by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 5,758 shares of the conglomerate's stock valued at $417,000 after acquiring an additional 185 shares during the period. Swiss National Bank lifted its position in shares of National Presto Industries by 1.8% during the 2nd quarter. Swiss National Bank now owns 11,600 shares of the conglomerate's stock valued at $849,000 after acquiring an additional 200 shares during the period. First Personal Financial Services lifted its position in shares of National Presto Industries by 4.5% during the 3rd quarter. First Personal Financial Services now owns 4,836 shares of the conglomerate's stock valued at $350,000 after acquiring an additional 210 shares during the period. Finally, UBS Group AG lifted its position in shares of National Presto Industries by 6.2% during the 1st quarter. UBS Group AG now owns 3,642 shares of the conglomerate's stock valued at $263,000 after acquiring an additional 213 shares during the period. 58.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of National Presto Industries from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 22nd.

National Presto Industries Stock Up 2.0 %

NPK stock traded up $1.61 during midday trading on Friday, reaching $81.60. 29,431 shares of the company's stock traded hands, compared to its average volume of 29,651. The company has a market cap of $580.99 million, a price-to-earnings ratio of 16.79 and a beta of 0.59. The firm's fifty day moving average price is $78.95 and its 200-day moving average price is $78.49. National Presto Industries, Inc. has a 52 week low of $66.83 and a 52 week high of $84.29.

National Presto Industries (NYSE:NPK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The conglomerate reported $1.85 EPS for the quarter. National Presto Industries had a net margin of 10.14% and a return on equity of 10.14%. The business had revenue of $98.42 million during the quarter.

National Presto Industries Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.00 per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.28%. National Presto Industries's payout ratio is currently 20.58%.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.